IRP/RP to take new GST registration post-appointment by 30th June 2020



Quick Summary
Interim Resolution Professionals (IRP) and Resolution Professionals (RP) are now required to obtain a new Goods and Services Tax (GST) registration. This new registration will be treated as a distinct entity from the corporate debtor. The deadline for this new registration is within 30 days of their appointment or by 30th June 2020, whichever is later.

NOTIFICATION New Delhi, the 5th May, 2020 No. 39/2020Central Tax G.S.R. 273(E).In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following amendments in the not
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FAQ :

Interim Resolution Professionals (IRP) and Resolution Professionals (RP) appointed under the Insolvency and Bankruptcy Code need to obtain a new GST registration.

The new GST registration must be obtained within thirty days of the appointment of the IRP/RP, or by 30th June 2020, whichever is later.

The new registration will be treated as a distinct person from the corporate debtor.

The IRP/RP needs to take a new registration in each State or Union Territory where the corporate debtor was previously registered.

Corporate debtors who have already furnished statements under section 37 and returns under section 39 for all tax periods prior to the appointment of the IRP/RP are excluded.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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